Building materials group Kingspan has reported sales of €2 billion for the nine months to the end of September, up 44% on the same time last year.

In an interim management statement, Kingspan said the figure was boosted by the contributions of recent acquisitions, while movement on the currency markets also provided a boost.

With both of those factors removed, the company said that underlying sales were up 3% in the year to date.

Kingspan said it expects to deliver a full year trading profit of €250m should current exchange rates prevail. This would mark a 68% increase year on year.

The Co Cavan-based company said the first nine months of 2015 had been a significant period for Kingspan with the integration of both the Joris Ide and VicWest businesses fully on track.

"Profitability has benefited from strong operating leverage, and has been further complemented by unusually favourable exchange rates and a positive input cost environment," today's statement said.

The company said that sales of its insulated panels rose by 54% in the first nine months of the year, while they jumped by 73% in the third quarter. 

Insulation board sales were up 39% in the first nine months of the year, while they rose by 38% in the third quarter. 

The company said its environmental sales in the nine month period and the third quarter rose by 8%, while access floors sales increased by 17% in the nine months to September and by 9% in the third quarter. 

Shares in the company moved sharply higher in Dublin trade today.